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Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 18. Provisions
Note 18.
Provisions
(in millions of euros)
Note
December 31,
2013 Addition Utilization Reversal
Business
combinations
Divestitures,
changes in foreign
currency translation
adjustments and other
December 31,
2014
Employee benefits
(a)
674
26
(53)
(51)
4
54
654
Restructuring costs
(b)
156
79
(121)
-
-
(42)
72
Litigations
(c)
26
1,379
276
(116)
(45)
3
(291)
1,206
Losses on onerous contracts
128
40
(43)
(1)
-
-
124
Contingent liabilities due to disposal
(d)
24
7
(1)
(13)
-
-
17
Cost of dismantling and restoring sites
75
-
(1)
-
-
(74)
-
Other
(e)
1,087
110
(52)
(53)
1
14
1,105
Provisions
3,523
538
(387)
(163)
8
(341)
3,178
Deduction of current provisions
(619)
(325)
165
66
(4)
427
(290)
Non-current provisions
2,904
213
(222)
(97)
4
86
2,888
(in millions of euros)
Note
December 31,
2012 Addition Utilization Reversal
Business
combinations
Divestitures,
changes in foreign
currency translation
adjustments and other
December 31,
2013
Employee benefits
(a)
715
23
(56)
(16)
10
(2)
674
Restructuring costs
(b)
258
199
(256)
(1)
(5)
(39)
156
Litigations
(c)
26
1,357
143
(58)
(41)
13
(35)
1,379
Losses on onerous contracts
143
13
(62)
(1)
35
-
128
Contingent liabilities due to disposal
(d)
24
3
-
(3)
-
-
24
Cost of dismantling and restoring sites
83
-
(4)
-
-
(4)
75
Other
(e)
1,389
99
(111)
(245)
34
(79)
1,087
Provisions
3,969
480
(547)
(307)
87
(159)
3,523
Deduction of current provisions
(711)
(277)
237
130
(7)
9
(619)
Non-current provisions
3,258
203
(310)
(177)
80
(150)
2,904
(a)
Includes deferred employee compensation as well as provisions for defined employee benefit plans (€608 million as of December 31, 2014 and
€619 million as of December 31, 2013; please refer to Note 19.2), but excludes employee termination reserves recorded under restructuring costs.
(b)
As of December 31, 2014, mainly relates to provisions for restructuring at UMG (€38 million). As of December 31, 2013, mainly relates to provisions
for restructuring at SFR (€85 million) and UMG (€67 million).
(c)
Notably includes the reserve accrual in relation to the Liberty Media Corporation litigation and securities class action in the United States for
€945 million and €100 million, respectively.
(d)
Certain commitments given in relation to divestitures are the subject of provisions. These provisions are not significant and the amount is not
disclosed because such disclosure could be prejudicial to Vivendi.
(e)
Notably includes litigation provisions for which the amount is not detailed because such disclosure could be prejudicial to Vivendi.
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